UXRP vs. XRPT
UXRP (ProShares Ultra XRP ETF) and XRPT (Volatility Shares 2x XRP ETF) are both exchange-traded funds - UXRP is a Leveraged Cryptocurrency fund tracking the Bloomberg XRP Index, while XRPT is a Cryptocurrency fund actively managed by Volatility Shares. UXRP is passively managed, while XRPT is actively managed. Over the past year, UXRP returned -94.69% vs -94.40% for XRPT. Their 1.00 correlation means they have historically moved very closely together. UXRP charges 1.67%/yr vs 0.94%/yr for XRPT.
Performance
UXRP vs. XRPT - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with UXRP having a -77.99% return and XRPT slightly higher at -77.60%.
UXRP
- 1D
- -5.41%
- 1M
- -7.09%
- 6M
- -74.16%
- YTD
- -77.99%
- 1Y
- -94.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -94.38%
XRPT
- 1D
- -5.53%
- 1M
- -6.48%
- 6M
- -73.55%
- YTD
- -77.60%
- 1Y
- -94.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -89.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $852.19K | $746.96K | $1.32M | |
| $2.61M | $2.54M | $4.20M |
UXRP vs. XRPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UXRP ProShares Ultra XRP ETF | -77.99% | -77.43% |
XRPT Volatility Shares 2x XRP ETF | -77.60% | -75.42% |
Correlation
The correlation between UXRP and XRPT is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 1.00 |
The correlation between UXRP and XRPT has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
UXRP vs. XRPT — Risk / Return Rank
UXRP
XRPT
UXRP vs. XRPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra XRP ETF (UXRP) and Volatility Shares 2x XRP ETF (XRPT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UXRP | XRPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.79 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.99 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.24 | 0.00 |
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Drawdowns
UXRP vs. XRPT - Drawdown Comparison
The maximum UXRP drawdown since its inception was -96.60%, roughly equal to the maximum XRPT drawdown of -96.33%. Use the drawdown chart below to compare losses from any high point for UXRP and XRPT.
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Drawdown Indicators
| UXRP | XRPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.60% | -96.33% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -95.74% | -95.55% | -0.19% |
Current DrawdownCurrent decline from peak | -96.51% | -96.22% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -74.97% | -67.19% | -7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 76.79% | 76.37% | +0.42% |
Volatility
UXRP vs. XRPT - Volatility Comparison
ProShares Ultra XRP ETF (UXRP) and Volatility Shares 2x XRP ETF (XRPT) have volatilities of 24.70% and 24.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UXRP | XRPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.70% | 24.00% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 101.23% | 101.17% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 142.99% | 142.87% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.51% | 145.15% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.51% | 145.15% | -1.64% |
UXRP vs. XRPT - Expense Ratio Comparison
UXRP has a 1.67% expense ratio, which is higher than XRPT's 0.94% expense ratio.
Dividends
UXRP vs. XRPT - Dividend Comparison
UXRP's dividend yield for the trailing twelve months is around 0.02%, less than XRPT's 7.09% yield.
| Position | TTM | 2025 |
|---|---|---|
UXRP ProShares Ultra XRP ETF | 0.02% | 0.00% |
XRPT Volatility Shares 2x XRP ETF | 7.09% | 1.23% |
Frequently Asked Questions
With a correlation of 1.00, UXRP and XRPT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UXRP has higher volatility (24.70%) compared to XRPT (24.00%). In terms of maximum drawdown, UXRP dropped -96.60% vs XRPT's -96.33%.
On 1-year performance, XRPT leads with -94.40% vs -94.69% for UXRP. On fees, XRPT is cheaper at 0.94% per year. On volatility, XRPT has been the lower-risk option at 24.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XRPT has performed better with a -94.40% return vs -94.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XRPT is cheaper with a 0.94% expense ratio, compared with 1.67% for UXRP.
XRPT has the higher dividend yield at 7.09%, compared with 0.02% for UXRP.
UXRP is categorized as Leveraged Cryptocurrency, while XRPT is Cryptocurrency. They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 1.67% for UXRP and 0.94% for XRPT.
XRPT currently has the higher Sharpe Ratio (-0.66 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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